Russia proposes higher taxes on passive income, e-commerce, natural resource rents in 2027–2029 budget package
Russia’s Finance Ministry has proposed a series of Tax Code amendments as part of a budget package submitted to the Government of the Russian Federation on 24 September 2026, including changes to personal income tax, taxation of mutual funds
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Russia proposes tax breaks for Unified Advanced Development Territory residents
Russia’s Ministry for the Development of the Russian Far East and Arctic has prepared amendments to the Tax Code, providing for tax incentives and reduced social security contribution rates for residents of the Unified Territory of Advanced
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Russia plans tax increases to fund military spending through 2029
The Russian government unveiled its draft three-year budget on 24 September 2026, laying out plans for 2027 through 2029 that prioritise military spending while widening the fiscal deficit. The budget must reach parliament by 1 October 2026. For
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Qatar, Russia sign MoU to strengthen technical cooperation in tax administration
The State of Qatar and the Russian Federation signed a memorandum of understanding (MoU) on technical cooperation in tax administration to facilitate the exchange of expertise and knowledge and support the development of tax systems and practices in
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Russia clarifies registration rules for subdivisions, foreign organisations
The Russian Federal Tax Service has issued clarifications on changes to the rules governing the registration of separate subdivisions and foreign organisations. Organisations operating through separate subdivisions may now not only select a tax
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Russia: Government extends export duty on oilseed flax until 2028
The Government of Russia has extended the export customs duty on oilseed flax leaving the country for destinations outside the Eurasian Economic Union (EAEU), under a decree adopted in Moscow on 25 August 2026. Decree No. 1073, signed by Chairman
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Russia proposes VAT, SME tax changes
Russia’s State Duma has received draft law No. 1331250-8, submitted on 2 September 2026, proposing to reduce the standard VAT rate from 22% to 20% and raise the VAT threshold for businesses using the simplified tax regime from RUB 20 million to
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Russia expands tax monitoring access for legal successors from September 2026
Russia has expanded access to its tax monitoring regime from 1 September 2026, allowing legal successors of companies already subject to tax monitoring to enter the regime without independently meeting the standard eligibility thresholds. The
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Russia: FTS clarifies Pillar Two corporate tax rules for MNE groups
Russia has introduced special rules for calculating corporate income tax for members of international groups of companies, with the clarifications published by the Federal Tax Service (FTS) in Tax Policy and Practice, No. 8/2026, on 18 August
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Russia: FTS to introduce updated 3-NDFL tax return form from September 2026
Russia’s Federal Tax Service (FTS) will introduce an updated 3-NDFL tax return form (KND 1151020) from 1 September 2026, following the enactment of Federal Tax Service of Russia Order No. ED-1-11/333@ dated 25 May 2026. The order amends the 3-NDFL
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Ferro-silicon duties take effect as EU prepares major chemical controls
The week was defined by the activation of previously announced trade defence measures rather than the publication of new ones. Definitive anti-dumping duties on ferro-silicon from China and Russia took effect, representing a significant tightening
See MoreRussia: Government proposes VAT calculation changes
The Government of the Russian Federation has submitted draft legislation to amend Article 168 of Part Two of the Tax Code of the Russian Federation, seeking to address how VAT should be treated under existing contracts when tax legislation
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EU unleashes broad trade defence campaign targeting China, Russia, and now US Biofuels
The European Union executed a significant protectionist shift this week, defined by a sustained and escalating campaign of trade defence actions. The week began with sweeping new controls on Russian industrial materials taking effect and was
See MoreRussia: CBR lowers key rate used for tax interest calculations
The Central Bank of Russia (CBR) has reduced the key interest rate from 14.5% to 14.0% on 24 July 2026. The CBR’s key interest rate is applied in calculating interest deductions and the interest on late payment of overdue taxes. This
See MoreRussia introduces simplified procedure for online tax notifications
The Russian Federal Tax Service has announced that a simplified procedure for delivering tax notifications through the Unified Public Services Portal (UPSP) will take effect from 1 August 2026, under amendments introduced by Federal Law No. 425-FZ
See MoreRussia proposes new PIT deduction for young professionals in key sectors
A draft law has been submitted to the Russian State Duma proposing the introduction of a new individual income tax deduction for young professionals working in certain fields. The proposal is set out in Draft Law No. 1292383-8, submitted on 17 July
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Germany announces suspension of double taxation treaty with Russia
Germany has notified Russia that it will suspend the agreement of 29 May 1996 between the two nations for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital, effective from 1 January 2027. The notification was
See MoreRussia: State Duma approves first reading of employee incentive tax bill
Russia's State Duma has approved, in the first reading, a Ministry of Finance bill that would introduce tax incentives for administrators of employee incentive programmes by extending an existing tax exemption. This announcement was made on 7
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